Bitcoin’s volatility indices are declining, just like the S&P 500’s.
Bitcoin Volatility Is Still Compressing, Dimming Year-End Rally Outlook
Bitcoin's volatility indices are declining, just like the S&P 500's.
Shares:
"When Long Positions drop, the price usually goes up," said one analyst.
The shares of both bitcoin-related firms are posting modest early gains Wednesday, but remain sharply lower over the past several days.
Open interest in the token’s future products nearly doubled to over $60 million, showing a bump in expectations of further volatility with a bullish bias.
"While shares have done well over the expectation that IREN will entirely focus on its GPU cloud, we continue to believe there is more room to run," said analyst Brett